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CURRENCIES TECHNICAL ANALYSIS SEPTEMBER.19

Euro

The pair remained in red figures on Friday. Sellers lowered the price below 1.1200. The resistance is seen at 1.1200, the support stands at 1.1130.

If the price breaks the level 1.1130 the pair will fall to 1.1070. Now we expect a bullish correction towards 1.1200.
19_09_2016_EURUSD

Pound

The pound sharply decreased on Friday. The price went through 1.3200, 1.3100 and snapped 1.3000. The current resistance is seen at 1.3100, the support lies at 1.3000.

The overall tone is bearish. Sellers will try to push the price lower. Their next target is the level 1.2900. We believe the pound will roll back towards 1.3100.
19_09_2016_GBPUSD
Yen

The USD/JPY remained unmoved as traders waited for new drivers. The pair is in a consolidation range, close to its upper limit. The resistance is at 102.50, the support comes in at 101.40.

If the USD/JPY does make breakout of the level 102.50 the price will grow to 103.50. A downtrend will start as soon, as the pair drops below support level 101.40.

19_09_2016_USDJPY

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